Alberta Premier Jason Kenney speaks during a press conference in Edmonton on Feb. 24, 2020. When Norway’s massive pension fund announced that it had sold its positions in major Canadian energy companies like Suncor and Canadian Natural Resources, Alberta’s premier came out swinging. “To be blunt,” Kenney told reporters last week, “I find that incredibly hypocritical.” After all, he said, Norway continues to develop its own oil and gas resources, including the 2.
But while Kenney was quick to call out Norway’s alleged hypocrisy in selling their shares of oil sands companies, he has so far remained silent about the news that Saudi Arabia’s Public Investment Fund was busy buying them. Asreported last week, it now owns 2.6 per cent of Canadian Natural Resources, and two per cent of Suncor, which makes it the eighth and 14th largest shareholder in the two companies respectively.
But if Saudi Arabia’s oil is a conduit for its anti-democratic and values, as ethical oilers like to argue, then what about its money? That money comes from the sale of its own ethically-challenged oil. Suncor and Canadian Natural Resources can’t prevent Mohammed bin Salman or the Saudi Public Investment Fund from buying their shares, but those who have been more than happy to bang the drum about Saudi Arabia’s moral and ethical failings could speak up here.
Saudis also invested in Statoil, or whatever it's called now. So when the Norwegians decided not to invest in Alberta it means we won some ethical points? Sorry but this is a steaming pile of Liberal oped.
Funny Max didn't find anything about the CDP Worldwide.
Climate Crazed Journos Fall for Tar Sands Campaign Goals ableg abpoli cdnpoli
The purchase was on the stock market where companies don't get a say on who buys the shares, (as opposed to a direct share issuance and purchase). Low information idiots masking as journalists.
Maybe Canadians should support Alberta oil so the rest of the world wouldn’t need too. Pretty simple.